Ingressive Capital’s Portco announces a re-brand: From Aboki Africa to Grey

On the 15th of November, 2021 Ingressive Capital announced its investment in Aboki Africa, a fast-growing startup improving convenience around the transfer and exchange of foreign currencies. This particular investment was exciting for the VC firm as the founders were alumnus of CRUTECH, an Ingressive4Good’s campus ambassadorship program.

This startup was born out when the founders realized how difficult it was for Nigerians to receive foreign currencies from their international counterparts. Femi Aghedo, the co-founder /COO, said, " We built Aboki Africa out of necessity. I have had personal experiences with the pain points we are trying to alleviate. People who work and do business remotely should not have to jump through hoops to receive payments. We are fixing that."

Why Grey?

Grey is solid and stable. It inspires feelings of calm, balance and composure. That is what we want people to feel every time they use our service- that certainty. This re-brand reflects the stability, neutrality and solidity of the company’s stance in the African financial services industry. Grey is here to stay.

This startup has continued to experience steady growth; expanding its team, offerings and focus. In December, they launched USD accounts on their platform, which allows customers to create GBP, EUR and USD foreign accounts, complete international transactions without any delay or hassle. The CEO, Idorenyin Obong confirmed that their mission is much greater now than what they initially set out to do in his open note on the released detailing why they are re-branding from Aboki Africa to Grey, a space that allows them to fully express the variety of products and services in-store for their customers.